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Mind-Map Business Plan

By Kevin Needham

 

When I start a new business online I like to try to map it out before I begin so I have a game plan and I can keep myself on track with my work.

 

I like to start by describing the activity or business concept.

 

Then I list the steps required

 

then I List the time I think each step will take.

 

A number of steps get left out, because I do not know specifically what they are or the time involved. The mind map progresses over the course of creation.

 

The whole idea is to have a game plan, or a step by step to begin with. I don’t spend too much time on it, about 1 hour. It gives me direction and keeps me moving forward. (If I don’t know anything in particular, I try to make note of it, but not worry just yet about describing the implementation just yet.

 

Without more delay, here is my Mind-Map or business plan for

 

Buy A Site 101

 

The concept ( 50 mins)

————————–

I really like membership sites or continuity sites where you sell to your customer once, and you then go on billing and providing service to them until they cancel. Much like a hydro company, phone company or Columbia House records and CD’s will do.

 

I have always liked web hosting as a continuity business. Once you have the customer, they buy hosting ongoing.

 

How to “package” the hosting has been the unknown till now for me because so many companies sell it, and the barrier to entry is so low, you simply join a good affiliate program and re-sell the service, letting the official hosting company do all the back end customer service.

 

I have also always like the idea of master resell rights and private label resale rights (see the definition of all the types of ‘rights’ here). So here is my business idea to combine the two.

 

I have bought many private label rights products and 3/4 of them are sitting on my hard drive. I downloaded them but never got around to setting them up. It was too much hassle to find webspace and hosting, buy a domain, change the dns settings, upload all the files, set up msql database for a blog, setup an autoresponder, set up email forwarding, edit the pages and the list goes on and on, that was only 1/2 the things you need to do…

 

It dawned on me that giving away a private label product is only 1/2 the solution. Setting it up and making it fully functional is what most people really need.

 

so, I’ll give away the private label product for free, that is my hook

 

and I’ll offer the fully installed, ready to market version as the upsell

 

I’m going to develop a website buyasite101.com and on the site the user will

1st hit a squeeze page, offering them a free private label resale product of their own.

 

After subscription is captured, I will land them on a sales page

 

They are able to read the sales page, and take advantage of the offer, or proceed right to the download page and grab there product in a winzip file.

 

 

On the sales page we will promise to

 

a) host the new product and sales page they just received

b) allow them to purchase their own domain name

c) Set up the domain name and provide them a c-panel log in area, complete with Fantastico and wordpress options

d) set up their payment processor with paypal for them

e) code and edit page with their name and personal contact information.

f) build and include a “contact” page and a “privacy” and “Terms of service” page

g) keep the site up and running 99.9% of the time.

h) set up an autoresponder for them, loaded with 10 pre-written messages

i) Provide them with a copy of my top secret “Traffic Blueprint”, the simple but so effective step by step process I use to generate traffic to my sites.

j) provide them with our easy to follow “blueprint To buying a domain name” including what to do with it after you buy it.

k) Ongoing access to our forum with access to me and all others to discuss things like marketing and site design and affiliate marketing

l) Our report detailing “How To Start Your Own Affiliate Program”

and much more..

 

Full ownership belongs to the customer, this is there site. They can do with it as they please.

 

All this will be offered for a low fee of less than $15 a month, possibly much lower.

 

All free members remain on one autoresponder, while paid members are moved onto a “customer” autoresponder.

 

We will continue to offer and promote the paid services to the free members, along with useful tips and trips to help them get set up and running, as well as traffic generation.

 

We will continue to support and market to “customers” in the hopes of moving them from one hosted product to another, and educate them with traffic tips to help them make money with their sites.

 

That is the concept. Pricing needs to be worked out and we can test price points as we proceed and do split testing (explained here)

 

Revenue per subscriber (free) needs to be worked out, and multiple sales pages need to be tested.

——————————–

 

 

Lots to do, here is the start of my list

—————————————-

Buy a domain name and set up hosting. Set up email accounts

This is complete, May 25, 2009. I bought buyasite101.com at godaddy.com and I set up the hosting account with an existing multi-domain account I have at Host Gator.

 

 

Develop / Design the splash page

 

Decide on private label rights product to give away, do I need multiple, need to test?

 

set up Autoresponder to capture emails. Set up reminder to confirm page, setup thank you page, design a “contact, Terms of service” and privacy page”

 

Write and install 4-5 emails for AR series

 

design sales page, hook up payment process

 

package resale product, sales page, put product in a .zip file and upload it for subscribers to access.

 

Setup a reseller hosting account, so I can host these sites.

reseller account is best, it does auto billing for us..

 

 

Set up 5 sites on hosting, so they are ready to go.

 

marketing to include sending traffic to landing / splash page.

 

 

I believe that is it for now. over the next couple of days I’ll knock off these tasks and make a post as to how I completed the task.

 

Talk soon

 

Kevin @ Follow My Start Ups

 

Kevin Needham

——————–

Happy to be here. A whole new adventure for me

Subscribe to ‘Follow My Startups Newsletter’

and receive a couple of juicy tidbits that might not make it

onto the blog :)

——————–

 

 

 

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Watch Me Create An Internet Business

ok, day one, I’m finally starting to put this idea to paper.

I have had the idea for a couple of weeks. Then about 4 days ago I thought that I would create a blog to document the whole thing.

I hummed and hawed a bit this am, surfed the net, then went to the gym.

It is now 1054 am.

Here is the idea. Or the group of ideas.

I have always loved the concept of web hosting. Over the years it has gotten so cheap in cost. And everyone needs it, or at least everyone who tries to be Internet marketer.

Recently, in the past year or so, I have been loving the idea of membership sites, or continuity sites. There are so many benefits in this type of business model.

Flip back to this hosting concept, and you can see that if you owned a hosting service, and customers paid you monthly for their hosting, it is really just a continuity program. you get to re-bill them every  month.  You got the customer once, you bill them monthly, and they stick around as long as you provided a needed service.

So selling hosting and owning a continuity membership business are really the same thing.

In the past, (and I remember paying over $3000 a month for my first dedicated server space, to operate my mailing business memail.com, 1996) hosting was very expensive.

Nowadays hosting is very inexpensive. the same account today for instance  would be about $200 a month.

And nowadays, you don’t even need to be technical to own your own hosting business, because, yes, that is right, there are affiliate programs out there. HostGator runs one of the best.

You can get a business account, or re-seller account for $49.00 a month, and host over 200 domains on the site. If you could charge users $10.00 a month per domain.. well the potential is huge.

And HostGator, or any other company, actually does the hosting and customer service.

Your job is to market the service.

OK, if you have been online for more than a day, then you know that web hosting is very competitive. Not that likely I could get too much traction if I just tried to setup and operate a web hosting business. So I need an angle, some type of hook that would convince a customer to use my web hosting services versus anyone else.

This is what spawned my idea two weeks ago.

I plan to give away a fully functional web site, a proven money making site where the owner just needs to drive traffic to the site and keep all the revenue from the site. It is their site, their domain their business that could actually be sold for profit.

And, I’m going to solve the number one obstical that most new online marketers struggle with.

I’m going to set up the site for them. Edit the pages. Setup their auto responder and here is the kicker… HOST the domain name and website for them for a small monthly fee. They will buy their own domain name and own the whole business.

I’m going to limit the number of sites I setup so the market is not saturated. Then I’ll find a different money making site, and repeat the process all over again. hopefully selling a 2nd site to existing customers and finding some new customers.

I figure by the time I have 1000 customers, they may have purchased 1500 hosting accounts from me, so if these accounts are just $10.00 a month, that is $15,000 monthly, or $180,000 a year revenue.  My costs to host these accounts would be under $400 a month, huuuum, think it will work?

Well, I have started this blog so you can follow along. I will try to explain each and every aspect of my thinking along the way, as well as the technical aspects of what I do. I’m not a programmer, I know how to set up a domain name and create a blog (very easy). I will post an article soon that explains both.

The next thing I want to layout is the flow, basically a “mindmap” that explains how I want customers to flow into the system, where I think they will come, what I think they will do at each stage of the process, and how I will communicate with them.

That will be my next post.

Then I’ll just go for it. And tell you exactly how I..

  • Determine what profitable website and product to giveaway.
  • Create a squeeze page to gather name and emails. 
  • Set up an auto responder to communicate with the subscribers.
  • Figure out how to track subscribers sent from affiliates or JV partners
  • Set up my re-seller hosting account, so I’m ready for the first customer.
  • Set up paypal to be my initial payment processor.
  • Set up my own affiliate program
  • Start the process of getting traffic to this blog and direct to the new site.
  • Answer any questions you have along the way. 
  • Set up a forum and email subscriber list right here on this blog
  • Lots Of other things as I notice I need them

Kevin Needham

——————–

Happy to be here. A whole new adventure for me

Subscribe to ‘Follow My Startups Newsletter’

and receive a couple of juicy tidbits that might not make it

onto the blog :)

——————–

Who Am I — Follow the link to see what I have done online the last 13 years

ps:
Right here will also be the place (eventually, cause I’m going to be busy LOL)

  • To find out how I set up this blog
  • To find out how I included a forum
  • To find out how this blog makes money
  • To find out how to make a video and host it on your site or blog

So, tell me right now what questions you have, or what has been your biggest challenge

in getting your online business going?

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